2008-05-15T14:51:11Z http://blog.yucaipa-real-estate.com/comments/atom.aspx Quick Blog tag:blog.yucaipa-real-estate.com,2008-03-08:880871 Yucaipa Home Source 2008-03-08T20:57:24Z 2008-03-08T17:22:25Z tag:blog.yucaipa-real-estate.com,2008-03-03:869004 Mandy Monroe 2008-03-03T08:49:09Z 2008-03-03T08:49:09Z tag:blog.yucaipa-real-estate.com,2008-03-03:868934 Pamela 2008-03-03T08:13:52Z 2008-03-03T08:13:52Z tag:blog.yucaipa-real-estate.com,2008-03-02:868256 T. Bosse 2008-03-02T22:47:32Z 2008-03-02T22:47:32Z tag:blog.yucaipa-real-estate.com,2008-03-02:868179 Linda Mullison 2008-03-02T21:35:50Z 2008-03-02T21:35:50Z tag:blog.yucaipa-real-estate.com,2008-03-02:867634 Manohar S. Sohal 2008-03-02T17:34:56Z 2008-03-02T17:34:56Z tag:blog.yucaipa-real-estate.com,2007-12-11:705773 Penny 2008-01-02T11:50:13Z 2007-12-11T16:44:04Z
Furthermore, I do not want the President to offer legislation mandating that lenders not raise their rates to the jumbo rate after Jan 1, 2008 and keep their rates on these loans flat for 5 years because it would be unfair to those people who already lost their homes. Additionally, such legislation will likely cause lenders to raise their rates on conventional loans to make up for their losses, which is unfair to those of us who were not foolish enough to over-extend ourselves and may want to sell and upgrade our homes for a reasonable interest rate. I also believe the proposed legislation by President Bush will falsely postpone the markets bottoming out. It appears we are within two years of bottoming out in the California real estate market. Once all of the foreclosures are done, the market will re-adjust as IT ALWAYS HAS re-adjusted. The government needs to let what will happen with current mortgages happen.

Perhaps what might be beneficial for all is to provide educational programs to potential home buyers/mortgage borrowers so that they are less inclined to become "victims" of less than scrupulous lending practices in the future.]]> tag:blog.yucaipa-real-estate.com,2007-12-11:705503 Anonymous 2008-01-02T11:50:52Z 2007-12-11T13:46:44Z tag:blog.yucaipa-real-estate.com,2007-12-11:705236 Kimberly Emerson 2008-01-02T11:51:19Z 2007-12-11T11:03:31Z